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Healthy sale in Norwood
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 A medical centre in Norwood, South Australia, has been sold at auction by agents of McGees on a yield of 5.14%.
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Sale in Mount Waverley
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 A former Caltex service station on a site of unusual size in Mount Waverley,
Victoria, has been sold at auction with vacant possession and may be
developed.
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Bayswater shops snapped up
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 A fully-leased block of shops in Bayswater, Victoria, has been sold prior to auction on a yield of approximately 4.26%.
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Government releases tender results
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 The InfraShore Consortium has been announced by the New South Wales
government as the preferred tenderer for the Royal North Shore
Hospital and Community Health Services project.
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Fit yield forecast for Fernwood
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 The winning tender for the offer of a commercial property in St Kilda, Victoria, is expected to receive a yield in excess of 7%.
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Victorian building permits surpass $20 billion
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Building permits issued in Victoria for the 2007-2008 financial year have surpassed the $20 billion barrier for the first time, according to the Building Commission’s pulse 2008 statistics.
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Strong growth in rural Victoria
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Helped by strong growth in the rural sector, Victoria’s building
industry is continuing to record high levels of building permit
activity, according to the Building Commission.
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Pakenham medical centre sale
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 A medical centre in Pakenham, Victoria has been sold following a
private sale marketing campaign on a 6.63% yield by agents of CVA
Property Consultants.
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Sydney office suite sold
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 Two strata lots in the Sydney CBD with harbour views have sold as one at auction to an undisclosed buyer.
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Aspen masterplan receives council approval
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 The Whitsunday Shire Council has approved the $700 million Whitsunday
Shores development’s new masterplan, thereby allowing developers Aspen
Living to make improvements to the golf course and residential home
sites.
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Construction industry showing pessimism
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According to the latest Construction Sentiment Monitor published by
property and construction consultants Davis Langdon, building industry
confidence is starting to be affected by skills shortages, rising costs
and the credit squeeze.
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New agency chalks up first sale
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 A local private investor has purchased a 600 sqm strata office building in Strathpine, Queensland. The property, leased to Queensland Diagnostic Imaging, is the first to sell through new agency PEP Property Transactions Group.
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Frankston development opportunity
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 Acting under mortgagee instructions, a development site, located on the beach side of the Nepean Highway in Melbourne’s south eastern corridor, is to be offered for sale via a public auction conducted by Sutherland Farrelly.
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